Eurotech Balance Sheet Health
Financial Health criteria checks 4/6
Eurotech has a total shareholder equity of €104.5M and total debt of €32.1M, which brings its debt-to-equity ratio to 30.7%. Its total assets and total liabilities are €171.6M and €67.1M respectively. Eurotech's EBIT is €4.2M making its interest coverage ratio 8.8. It has cash and short-term investments of €16.1M.
Key information
30.7%
Debt to equity ratio
€32.06m
Debt
| Interest coverage ratio | 8.8x |
| Cash | €16.05m |
| Equity | €104.50m |
| Total liabilities | €67.08m |
| Total assets | €171.58m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ETHM's short term assets (€66.1M) exceed its short term liabilities (€42.7M).
Long Term Liabilities: ETHM's short term assets (€66.1M) exceed its long term liabilities (€24.4M).
Debt to Equity History and Analysis
Debt Level: ETHM's net debt to equity ratio (15.3%) is considered satisfactory.
Reducing Debt: ETHM's debt to equity ratio has increased from 14.6% to 30.7% over the past 5 years.
Debt Coverage: ETHM's debt is not well covered by operating cash flow (9.2%).
Interest Coverage: ETHM's interest payments on its debt are well covered by EBIT (8.8x coverage).